Hot Oil Stocks To Watch Right Now

August 29, 2017: The S&P 500 closed up 0.08% at 2,446.29. The DJIA closed up 0.26% at 21,865.89 and the Nasdaq closed up 0.30% at 6,301.89.

Following a lower opening on concerns related to the North Korean missile launch and the continuing impact of tropical storm Harvey on the nation’s core energy center around Houston, equities recovered somewhat on an improved reading on consumer confidence. The S&P 500 posted only a slim gain by the end of the session. Crude oil dipped slightly again and gold posted a second consecutive 11-month high. Out of the S&P 500 sectors, four traded higher and seven traded lower.

Crude oil was last seen down about 0.4% at $46.36.

Gold settled up 0.3% at $1,318.90.

The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Best Buy Co. Inc. (NYSE: BBY) which traded down about 11.9% at $55.01. The stocks 52-week range is $36.51 to $63.32. Volume was 34.8 million versus the daily average of 3.77 million shares.

The contract awards are for the jack-ups West Elara and West Linus with ConocoPhillips Skandinavia AS (COP) for work in the Greater Ekofisk area. The total additional backlog for the new contract awards is estimated to be about $1.4 billion, excluding performance bonuses.

[By Chris Dier-Scalise]

Among the brands being sold were Alcoa Corporation (NYSE: AA) and Ford Motor Company(NYSE: F), which both paid out dividends in December. The financial and oil sectors also experienced a sell-off to finish 2016. Wells Fargo & Co (NYSE: WFC) and Citigroup Inc (NYSE: C) were net sold as each reached new year-to-date highs and investors unloaded ConocoPhillips (NYSE: COP) and Chevron Corporation (NYSE: CVX) as their prices normalized with the rise in the price of oil.

But what really differentiates SLB from rivals such as Halliburton Company (HAL) is its client list.

Instead of focusing on North America, Schlumberger has a global portfolio, and thus its revenues are well, worldlier. Thats important, because state-owned energy firms can have a different mandate than publicly traded energy stocks. They often drill despite losses. Plus, the multitude of operating regions means some could be profitable, covering for when others are not.

[By Wayne Duggan]

Trump is particularly enthusiastic about shale oil & gas and clean coal, which is good news for stocks such as Chesapeake Energy Corporation (NYSE: CHK), Halliburton Company (NYSE: HAL) and CONSOL Energy Inc. (NYSE: CNX).

[By Ben Levisohn]

How strong is the earnings recovery? Of the 18 stocks that reported this morning, 13 beat forecasts, including Halliburton (HAL), and Hasbro (HAS). BofA Merrill Lynch’s Savita Subramanian and team note that for the first time since 2012, analysts are raising their earnings forecasts as earnings season progresses:

[By Lisa Levin]

Halliburton Company (NYSE: HAL) reported better-than-expected earnings for its first quarter on Monday.

Halliburton posted adjusted earnings of $0.04 per share in the quarter on revenue of $4.28 billion; Analysts were expecting the company to earn $0.03 per share on revenue of $4.26 billion.

[By Lisa Levin]

Halliburton Company (NYSE: HAL) reported stronger-than-expected profit for its third quarter on Monday.

Halliburton posted quarterly adjusted earnings of $0.42 per share on revenue of $5.44 billion. However, analysts expected earnings of $0.37 per share on revenue of $5.35 billion.

Canada-based Encana Corp. (NYSE: ECA) was the eighth top oil company stock in 2016, with a 131% gain over the year. ECA and its subsidiaries focus on developing, exploring, producing, and marketing natural gas, liquefied natural gas, and oil in North America.

[By Paul Ausick]

Encana Corp. (NYSE: ECA) is rated Buy with an unchanged price target of $16. The EPS estimate for 2017 was lowered from $0.42 to $0.34, and the 2018 estimate was also lowered, from $1.47 to $1.28. The shares ended the weekat $11.44, in a 52-week range of $4.90 to $13.85. The consensus 12-month price target is $14.95.

My more conservative income recommendation from a year ago, Magellan Midstream Partners (MMP), rose by 13% while yielding over 4%.

Following last year’s excellent results, Magellan Midstream remains my Top Pick for income investors for the coming year.

[By Dustin Parrett]

Magellan Midstream Partners (NYSE: MMP) is a $17.56 billion company that transports and distributes petroleum. MMP is shaping up to be one of the best 2017 oil stocks.

[By Matthew DiLallo]

For perspective, two of the highest rated MLPs by credit rating agencies are Magellan Midstream Partners (NYSE:MMP) and Enterprise Products Partners (NYSE:EPD). Recently, their leverage ratios were 3.5 times and 4.4 times, respectively. While both Magellan Midstream and Enterprise Products have seen their leverage ratios creep higher in recent quarters due to the oil market downturn and growth spending, neither is a concern.

Energy infrastructure companies ONEOK (NYSE:OKE) and TransCanada (NYSE:TRP) are both emerging from the energy market downturn as stronger entities. Each made smart acquisitions, with TransCanada buying U.S. gas pipeline company Columbia Pipeline Group, while ONEOK is in the process of gobbling up its MLP,ONEOK Partners (NYSE:OKS). While these deals enhanced the growth profiles of both companies, TransCanada still stands out as the better buy for long-term income investors. Here’s why.

Shares of Sol Gel Technologies Ltd (NASDAQ:SLGL) have been assigned a consensus broker rating score of 1.50 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and three have assigned a stron

From my own career change to the stories I hear from my clients and workshop students, often we think we want to change careers when the problem is our work environment instead. If you find yourself stuck, unsure what to do next, or t

Analysts expect Crane Co. (NYSE:CR) to report sales of $842.46 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Crane’s earnings, with the highest sales estimate coming in at $867.00 million and the lowest estimate coming in at $819